East Oʻahu

Waiʻalae & Kāhala

A market where the buyer with the most patience usually wins.

Median single-family
$3,588,000+33% YoY
Days on market
38 days
Of original list
96.5%

July 2026 figures for the Waiʻalae – Kāhala reporting area. Source: Honolulu Board of REALTORS®, compiled from MLS data.

Kāhala, Black Point, Waiʻalae Iki and Hawaiʻi Loa Ridge are Oʻahu’s old money, and they behave nothing like the rest of the island. Nine single-family homes closed in the area in July. At that volume there is no such thing as a market rate — there is what a specific house on a specific street is worth to a specific buyer.

Everything runs slower and softer here than in the mid-market. Homes take weeks rather than days to find a buyer and close below where they were first listed, which is the opposite of what is happening in Kaimukī or ʻAiea. That is not weakness; it is what a market looks like when nobody has to sell and nobody has to buy.

The work on this side is due diligence rather than speed. Shoreline setbacks and erosion on the beachfront blocks, leasehold history on a handful of parcels, and the gap between an assessed value and a defensible one. Bring an appraiser who works this market, not one who works the island.

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The numbers

Market activity in Waiʻalae – Kāhala: July 2026

Single-family homes and condos move on different clocks, so they are reported separately. A dash means the report recorded no closed sales that month — not a figure we are missing. And read the closed-sales row before you read any percentage above it: in a month with only a handful of sales, a change of several hundred percent is arithmetic rather than a trend, which is what the year-to-date rows are there to settle.

Waiʻalae – Kāhala reporting area (TMK 1-3-5) · Honolulu Board of REALTORS®, July 2026
MetricSingle-familyCondo
Median sale price$3,588,000+33%$614,750+412%
Median days on market38 days28 days
Percent of original list received96.5%97.2%
Closed sales9+80%8+167%
Active inventory269
Year-to-date medianJan–Jul 2026$2,770,000+2%$550,000-12%
Year-to-date closed salesJan–Jul 202641-20%31+63%

Oʻahu Local Market Update, July 2026. Percent changes are against Jul 2025. Information deemed reliable but not guaranteed — and the median is the middle sale price, not an estimate of your property.

Waiʻalae & Kāhala

Thinking about Waiʻalae & Kāhala?

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